TikTok Shop doubled its global gross merchandise value (GMV) in the first half of 2025, with U.S. market hitting $5.8 billion, Momentum Works & Tabcut report showed last Friday. The duo said in a statement that TikTok Shop’s global GMV hit $26.2 billion in the first half, and if the current pace of growth holds, the platform is on track to double its 2024 GMV of $33.2 billion by year-end. In the U.S., TikTok Shop’s GMV has reached $5.8 billion (surged 91 percent year on...

Singapore consumers lead the way in cross-border eCommerce adoption, expect transparency and trust at checkout, new Airwallex study revealed Wednesday. The study which is recently commissioned by Airwallex in partnership with Statista polled 1,000 cross-border eCommerce shoppers in Singapore, revealed that international purchasing is now a mainstream habit amongst Singaporeans. Shoppers make purchases across Asia-Pacific, as well as the United States and Europe, looking for items in fashion...

Maybank Investment Bank said Wednesday that it sees minimal impact from Indonesia’s new tax on e-commerce platforms as it believes consumers can absorb the 0.5 percent tax. The research house said in a note that it believes consumers will ultimately bear the cost. It is noted that Indonesia’s finance ministry will require e-commerce platforms to collect a 0.5 percent income tax (PPh Pasal 22) on sales by merchants operating on their sites. The regulation allows the government...

Over a third of Asia Pacific (APAC) consumers use artificial intelligence (AI) to Shop, with adoption across generational groups, Adyen’s research showed Monday. In its 2025 Annual Retail Report, the firm highlighted a rising momentum in AI adoption across APAC’s retail landscape. A poll of 41,000 consumers across 28 markets including Singapore, Australia, Hong Kong, India, Japan, and Malaysia reveals that over a third (38 percent) of APAC consumers now use AI to help them get...

Singapore’s retail group FairPrice Group (FPG) has partnered with Google Cloud to showcase FPG’s Store of Tomorrow (SOT) program, a roadmap to embed the latest cloud and artificial intelligence (AI) technologies into new and existing in-store and omnichannel retail touchpoints to redefine customer experiences at FairPrice supermarkets. The duo said in a statement on Thursday that under this program, FPG will deploy cloud-connected shopping carts, an AI-powered store operations...

Singapore’s e-commerce market size is expected to reach S$37.5 billion ($28.92 billion) by 2030, growing 8 percent compound annual growth rate (CAGR) from its 2024 estimated value of S$22.8billion ($17.59 billion), according to the 10th edition of the Worldpay Global Payments Report (GPR). According to the report, digital wallets accounted for over half (53 percent) of global ecommerce transaction value in 2024, while at point of sale (POS) 32 percent of spend was made via digital...

The direct-to-consumer (D2C) sector is making its mark in Southeast Asia (SEA)’s startup ecosystem, with more than 2,000 companies and all-time funding of $300 million, Tracxn said Wednesday. The firm said in a statement that SEA’s D2C sector raised $32.5 million in 2024, reflecting a 208% growth from $10.6 million in 2023, even as the overall SEA tech ecosystem saw more than a 55% decline in funding during the same period. It is noted that globally, D2C funding declined by 25...

Google has on Tuesday announced the integration of ShopeePay and TNG eWallet (an Alipay+ Partner) with Google Pay in Malaysia, marking Google Pay’s first eWallet integrations in Southeast Asia. This new feature will enable Android users in Malaysia to checkout seamlessly with their preferred eWallets when shopping on mobile sites via Google Chrome, starting with selected online merchants, Google said in a statement. This initial integration features ShopeePay and TNG eWallet, and will...

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American social media and online video sharing platform YouTube has on Thursday launched its Shopping affiliate program in Singapore in partnership with homegrown brand, Shopee. YouTube said in a statement that the launch of the YouTube Shopping Affiliate Program in Singapore offers exciting opportunities for both Shopee sellers and content creators. Shopee sellers can now expand their reach by collaborating with an even broader network of content creators through this partnership, giving...

Singapore-based cryptocurrency exchange company Crypto.com and electronic equipment firm Sony Electronics (Singapore) Pte. Ltd. (SES) have on Wednesday announced the acceptance of USDC, a U.S. dollar-pegged stablecoin, exclusively on Sony Store Online in a move to make direct crypto payment accessible to SES’ consumers. The duo said in a statement that the integration of cryptocurrency payments is gaining traction worldwide to appeal to tech-savvy consumers. With the aim of...

AnyMind Group, a business process as a service (BPaaS) company for marketing, e-commerce and digital transformation, has on Monday announced the completion of its full acquisition of AnyReach, a Japan-based e-gifting company, through its wholly-owned subsidiary, AnyMind Japan Inc. AnyReach will continue to operate under its existing name, AnyMind said in a statement. This marks AnyMind Group’s 10th acquisition and the fifth merger and acquisition (M&A) of a Japan-based company....